After breaking under the important 1800 figure, Gold bulls have tried to reconquer this zone at least 3 times and failed each and every time.
This, for me, is a very bearish sign and I expect Gold to fall hard and deep.
As I said yesterday, 1750 support is no longer an important one, and if/when 1770 will fall, the next important stop can be 1720
Only Gold above 1800 and sustained buying above that zone would change my bearish opinion
This, for me, is a very bearish sign and I expect Gold to fall hard and deep.
As I said yesterday, 1750 support is no longer an important one, and if/when 1770 will fall, the next important stop can be 1720
Only Gold above 1800 and sustained buying above that zone would change my bearish opinion
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